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Bitcoin Bull Mike Novogratz Warns of ‘Existential Crisis’ if the US Fails to Create Digital Dollar
12.4.2021
Mike Novogratz, the CEO of Galaxy Digital and bitcoin bull has warned that the United States’ failure to have its own digital currency could be an “existential crisis.” However, the CEO says the country’s fate is still in its hands. Novogratz made these comments a few days...
Akon City 2: Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in Africa
11.4.2021
Another futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon...
HSBC Changes Crypto Policy, Now Bars Clients From Buying Stock of Companies That Hold Bitcoin
10.4.2021
HSBC has reportedly changed its policy regarding cryptocurrency. The bank now prohibits customers from buying the stock of public companies that hold bitcoin, like Microstrategy. All of the companies with bitcoin treasuries could be on the chopping block at HSBC. HSBC Now Bars Clients From Buying...
Report Claims Ukrainian Officials Hold Over $2.6 Billion in Bitcoin
10.4.2021
The latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin. An online incentive gathered data from 791,872 state employees and 652 respondents disclosed their crypto holdings. The Biggest Crypto Holder in the Report Has 18,000...
South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’
10.4.2021
Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed. Government...
Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
9.4.2021
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still...
Our Man in Shanghai: Scandal as $45M of stolen government funds lost using 100X leverage
9.4.2021
The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a 'weapon' of China (but no one cares), and CZ’s net worth rises to $1.9 billion
More Russians are disclosing their cryptocurrency incomes: report
8.4.2021
Consulting firms like PwC Russia said that Russians have been increasingly reporting their income from cryptocurrency operations
Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It
7.4.2021
Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset...
Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'
7.4.2021
Goldman Sachs CEO David Soloman has forecast a big evolution in how the U.S. government regulates cryptocurrency
Russian lobby group launches new campaign against anti-crypto laws
6.4.2021
According to Russian crypto advocates, the existing laws “do not meet the needs” of the cryptocurrency market
Indian IT giant Tech Mahindra to launch stablecoin tool for banks
6.4.2021
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January
Don't Assume 'Government Tolerance' of Bitcoin - Allianz Chief Economist
6.4.2021
Mohamed El-Erian. Mohamed El-Erian, Chief Economic Adviser of German insurer Allianz, said that the rapidly rising interest in bitcoin (BTC) by investors worldwide is triggered by their belief in a continued private sector adoption, but that the cryptocurrency will establish itself only...
Singapore authority issues crypto warning after PM falls prey to scammers
6.4.2021
The Monetary Authority of Singapore has issued a warning to crypto investors after the state's prime minister was unwittingly caught up in a fake token scam
Bank of Japan begins first digital currency proof of concept
5.4.2021
The first phase of Japan's CBDC pilots will be completed by March 2022, the central bank states
Ron Paul Warns of Government Crackdown on Bitcoin — ‘The Government Is the Threat’
5.4.2021
Former congressman Ron Paul has warned of a government crackdown on bitcoin and safe-haven assets may not be safe from government intervention. “The government is the threat,” he said, noting that “they will crack down because they have the ability to do it.” Ron Paul Warns...
Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban
3.4.2021
Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners. Public Officials to Face Bigger Penalties...
Tyler Winklevoss thinks Bitcoin is past the risk of a US ban
2.4.2021
Bitcoin has likely become too interwoven into the world for a ban to be plausible, says the Gemini CEO
Former Chainalysis brass is now FinCEN’s acting director
2.4.2021
Michael Mosier will replace Kenneth Blanco as the U.S. government agency’s acting director
With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS
1.4.2021
The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes...